The Victorian Government has today revealed Stone and Chalk has been chosen to establish and run its flagship fintech hub, while YBF Ventures will also establish a dedicated space for fintech startups in its new Bourke St building.

Australia’s work in fintech is steadily gaining global recognition, with Sydney ranking eighth out of 44 global fintech hubs in a new report released by Deloitte this week, climbing one place from last year’s ninth.